PEC Solutions Provides First Quarter Guidance

Business Wire, March 14, 2003

Business Editors

FAIRFAX, Va.--(BUSINESS WIRE)--March 14, 2003

PEC Solutions, Inc. (NASDAQ:PECS), a professional technology services firm specializing in high-end eGovernment solutions, today announced that it has revised guidance for the first quarter 2003 and for the year ending December 31, 2003.

Stuart Lloyd, PEC's Chief Financial Officer, indicated that revenue is expected to be between $43 and $44 million for the first quarter 2003, and diluted EPS should be 12 cents for the quarter. Guidance for 2003 is for revenue between $200 and $220 million and EPS between 63 and 81 cents.

The revision in guidance is due to anticipated delays in new government awards stemming from the unusually late passing of the 2003 Federal civilian agency budgets. The first quarter will also be impacted by a discontinuity in certain engagements related to application of biometric identification technologies. This discontinuity has extended longer than previously expected.

"We have considerable new business in our pipeline, but at this time we are unsure of the timing of several new activities. We have maintained staff availability relating to key anticipated programs in order to be able to immediately mobilize to near-term requirements, and expect a strong second half of the year as the Government moves to implement new programs funded by the recently released 2003 appropriations," said Dr. David C. Karlgaard, President and CEO of PEC Solutions.

About PEC Solutions

PEC Solutions is a professional services firm that helps government clients harness the power of the Internet and other advanced technologies to improve mission performance.

The company specializes in Web-Enabling Government(R) by providing secure, interoperable technology solutions for clients in law enforcement, intelligence, defense, and civilian agencies within the Federal Government and at State and local levels. PEC Solutions is based in Fairfax County, Virginia, with offices around the United States.

Visit the company on the Web at www.pec.com.

For more information, contact John McNeilly, PEC Solutions Manager of Media and Investor Relations, at 703/679-4900.

This press release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. PEC Solutions assumes no obligation to update the information contained in this press release.

PEC Solutions' future results may be affected by its ability to continue to implement its eGovernment solutions, its dependence on the federal government and other federal government contractors as its major customers, its dependence on procuring, pricing and performing short-term government contracts, its dependence on hiring and retaining qualified professionals, potential fluctuations in its quarterly operating results, its dependence on certain key employees and its ability to timely and effectively integrate the businesses it may acquire.